“`html
Recently, multiple institutional investors increased their holdings in Charles Schwab (SCHW). Price T Rowe Associates raised its stake by 33.4%, now owning 69.36 million shares. Similarly, Morningstar Investment Services boosted its holdings by 98%, totaling 4.69 million shares. Darsana Capital Partners grew its position by 200%, while Mondrian Investment Partners saw a staggering increase of 28,736.1%. Healthcare of Ontario Pension Plan Trust Fund also entered the stock, with 84.38% of the company now owned by institutional investors.
Insider Activity
Director Carolyn Schwab-Pomerantz sold 9,000 shares on September 17 at $64.05, totaling $576,450. After the sale, she retained 554,929 shares valued at $35.54 million. Insider Jonathan Beatty also sold shares worth $58,500. In total, insiders sold 99,636 shares in the past 90 days, representing 6.6% of the stock.
Analyst Insights
Goldman Sachs lowered SCHW’s target from $71 to $67 with a neutral rating. Deutsche Bank increased their target to $80, marking it as a buy. Citigroup adjusted its target down to $72, while UBS lowered theirs to $90. Currently, the stock has a consensus “Hold” rating.
Stock Performance
SCHW opened at $63.32, with a 12-month range of $48.66 to $79.49. The firm reported an EPS of $0.73, exceeding estimates and showing a year-over-year revenue increase of 0.7%.
Dividend Announcement
Charles Schwab recently declared a quarterly dividend of $0.25, paid on August 23, which is a $1.00 annualized yield.
Company Overview
The Charles Schwab Corporation provides various financial services, including wealth management and brokerage services.
Additional Resources
Stay updated on SCHW: Visit HoldingsChannel.com for the latest 13F filings.
“`
